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Willis Towers Watson (WTW) has announced the launch of a new version of RiskAgility Financial Modeller, its financial modelling and reporting software for life insurers. RiskAgility FM 3.0 provides life and health insurers with a new calculation approach to actuarial modelling, with run times typically 10 times faster than current software.
“Companies are increasingly aware of the environmental and financial implications of running large actuarial models in their own data centres and the cloud,” the company said. “Willis Towers Watson’s next generation calculation engine, available through RiskAgility FM 3.0, enables models to run, on average, 10 times faster than previously
“While numerous companies have been emerging to support people with health and wellness, our industry has its own role to play, so it’s important we step up to the plate,” said Dr John Schoonbee, the global chief medical officer at Swiss Re.
“Prevention is better than cure, so by moving beyond a linear, clinical approach to assessing health risks and taking a more holistic view on lifestyle factors, we will be able to develop more bespoke and effective insurance solutions, in turn helping people to pinpoint changes which will have a genuinely positive impact on their lives.”
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